The Board of Informa announced that, as at 1:00 pm on 13 July 2007, valid acceptances of its offer to acquire Datamonitor had been received in respect of a total of 54,865,761 Datamonitor Shares representing 76.05 percent of the existing issued share capital of Datamonitor. It is anticipated that Datamonitor shares will be delisted from the UKLA's Official List and from admission to trading on the London Stock Exchange as of 10 August 2007.

Recommended Offer For Datamonitor Declared Unconditional In All Respects

Released : 13 July 2007 -- On 14 May 2007, Informa announced the terms of a recommended cash Offer to be made by Informa Acquisitions for Datamonitor at a price of 650 pence per Datamonitor Share. The Offer Document containing details of the offer was posted to Datamonitor Shareholders the same day.

The Board of Informa announces that as at 1.00pm on 13 July 2007 valid acceptances of the Offer had been received in respect of a total of 54,865,761 Datamonitor Shares representing 76.05 per cent. of the existing issued share capital of Datamonitor.

The Offer was conditional on Informa Acquisitions receiving valid acceptances in respect of not less than 90 per cent. (or such lower percentage as Informa Acquisitions may decide) of Datamonitor Shares to which the Offer relates, subject to Informa Acquisitions acquiring or agreeing to acquire (whether pursuant to the Offer or otherwise) more than 50 per cent. of Datamonitor Shares. Informa Acquisitions announces that it has elected to waive the requirement to receive acceptances of not less than 90 per cent. and that, having acquired or agreed to acquire 76.05 per cent. of Datamonitor Shares, the Offer is declared unconditional as to acceptances.

In addition, following receipt of approval of the Offer by the German Federal Cartel Office, Informa announces that (all other conditions to the Offer having been satisfied or waived) the Offer is now unconditional in all respects.

David Gilbertson, Chief Executive, said, “Datamonitor is a model example of a company that slots neatly into Informa.

"We are delighted that the vast majority of Datamonitor shareholders have accepted the offer. Both companies provide customers with data and analysis that is essential and unique - information they cannot do without. As part of the Informa group we believe Datamonitor will be able to market to our 20 million-strong contact database, take part in our 10,000+ events each year and use our global sales infrastructure across 43 countries. Combining the businesses will enhance growth prospects and margins," continued Gilbertson.

None of the acceptances referred to above were received from persons acting in concert with Informa Acquisitions or Informa. The total acceptances includes valid acceptances of the Offer received in respect of a total of 12,021,327 Datamonitor Ordinary Shares, representing approximately 16.7 per cent. of the issued share capital of Datamonitor for which irrevocable undertakings to accept the Offer had been received.

Follow the link below for the complete Informa press release.

» Story on Analyst Firm Website

» Comments   Digg this    del.icio.us